How does FBMS's PE Ratio compare to its peers?

FBMS is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (10.8x).

How does FBMS's PE Ratio compare vs other companies in the US Banks Industry?

FBMS is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the US Banks industry average (13.2x).

What is FBMS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FBMS is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).

What is the Fair Price of FBMS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FBMS ($37.65) is trading below our estimate of [[fair value]] ($47.65)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

First Bancshares (NYSE:FBMS) - Stock Price, News & Analysis

FBMS Stock Overview

Operates as the bank holding company for The First Bank that provides general commercial and retail banking services. More details

FBMS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	2/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 21% below our estimate of its fair value

Earnings are forecast to grow 11.67% per year

Pays a reliable dividend of 2.66%

Risk Analysis

No risks detected for FBMS from our risk checks.

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

Elevating Market Position With Critical Operations And Cost Management Amid Financial Challenges

Key Takeaways First Bancshares' strategic focus on loan growth and operational efficiency improvements signifies potential for increased future revenues and profitability. Their disciplined cost management and high credit quality within the loan portfolio indicate a path towards sustained earnings stability and margin enhancement.

View narrative

US$35.83

5.1% overvalued

-1.76%

Revenue growth p.a.

5 days ago

The First Bancshares, Inc. Competitors

Amalgamated Financial

NasdaqGM:AMAL

US$1.1b

Preferred Bank

NasdaqGS:PFBC

US$1.3b

Peoples Bancorp

NasdaqGS:PEBO

US$1.2b

Bank First

NasdaqCM:BFC

US$1.1b

Price History & Performance

Summary of all time highs, changes and price drops for First Bancshares
Historical stock prices
Current Share Price	US$37.65
52 Week High	US$38.21
52 Week Low	US$22.96
Beta	0.91
11 Month Change	14.13%
3 Month Change	12.83%
1 Year Change	45.82%
33 Year Change	-3.73%
5 Year Change	12.12%
Change since IPO	370.63%

Recent updates

First Bancshares' (NYSE:FBMS) Dividend Will Be $0.25

Jul 28

First Bancshares (NASDAQ:FBMS) Has Announced That It Will Be Increasing Its Dividend To $0.24

Oct 29

First Bancshares' (NASDAQ:FBMS) Upcoming Dividend Will Be Larger Than Last Year's

Apr 30

First Bancshares' (NASDAQ:FBMS) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 29

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.16

Oct 28

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To US$0.15

Jul 30

Does First Bancshares (NASDAQ:FBMS) Deserve A Spot On Your Watchlist?

Jun 09

Most Shareholders Will Probably Find That The CEO Compensation For The First Bancshares, Inc. (NASDAQ:FBMS) Is Reasonable

May 14

Shareholder Returns

	FBMS	US Banks	US Market
7D	4.1%	1.8%	2.2%
1Y	45.8%	57.7%	31.6%

Return vs Industry: FBMS underperformed the US Banks industry which returned 57.7% over the past year.

Return vs Market: FBMS exceeded the US Market which returned 31.6% over the past year.

Price Volatility

Is FBMS's price volatile compared to industry and market?
FBMS volatility
FBMS Average Weekly Movement	5.5%
Banks Industry Average Movement	5.1%
Market Average Movement	6.3%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FBMS has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FBMS's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	1,078	Hoppy Cole	www.thefirstbank.com

The First Bancshares, Inc. operates as the bank holding company for The First Bank that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts.

The First Bancshares, Inc. Fundamentals Summary

How do First Bancshares's earnings and revenue compare to its market cap?
FBMS fundamental statistics
Market cap	US$1.17b
Earnings (TTM)	US$69.94m
Revenue (TTM)	US$268.50m

16.8x

P/E Ratio

1.2x

P/B Ratio

Is FBMS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FBMS income statement (TTM)
Revenue	US$268.50m
Cost of Revenue	US$0
Gross Profit	US$268.50m
Other Expenses	US$198.56m
Earnings	US$69.94m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.24
Gross Margin	100.00%
Net Profit Margin	26.05%
Debt/Equity Ratio	33.9%

How did FBMS perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

45%

Payout Ratio

FBMS Stock Overview

Rewards

Risk Analysis

Elevating Market Position With Critical Operations And Cost Management Amid Financial Challenges

The First Bancshares, Inc. Competitors

NasdaqGM:AMAL

US$1.1b

NasdaqGS:PFBC

US$1.3b

NasdaqGS:PEBO

US$1.2b

NasdaqCM:BFC

US$1.1b

Price History & Performance

Recent News & Updates

Third quarter dividend of US$0.25 announced

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

The First Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on November 22, 2024

Consensus revenue estimates decrease by 18%, EPS upgraded

Renasant Corporation (NYSE:RNST) entered into a definitive agreement and plan of merger to acquire The First Bancshares, Inc. (NYSE:FBMS) for approximately $1.2 billion.

Recent updates

Third quarter dividend of US$0.25 announced

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

The First Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on November 22, 2024

Consensus revenue estimates decrease by 18%, EPS upgraded

Renasant Corporation (NYSE:RNST) entered into a definitive agreement and plan of merger to acquire The First Bancshares, Inc. (NYSE:FBMS) for approximately $1.2 billion.

Renasant Corporation (NYSE:RNST) entered into a definitive agreement and plan of merger to acquire The First Bancshares, Inc. (NYSE:FBMS) for approximately $1.2 billion.

Price target increased by 8.4% to US$32.19

First Bancshares' (NYSE:FBMS) Dividend Will Be $0.25

Second quarter dividend of US$0.25 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improves as stock rises 15%

The First Bancshares, Inc. to Report Q2, 2024 Results on Jul 24, 2024

The First Bancshares, Inc.(NYSE:FBMS) dropped from NASDAQ Composite Index

First quarter dividend of US$0.25 announced

First quarter 2024 earnings released: EPS: US$0.65 (vs US$0.52 in 1Q 2023)

The First Bancshares, Inc. to Report Q1, 2024 Results on Apr 24, 2024

The First Bancshares, Inc., Annual General Meeting, May 23, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

The First Bancshares, Inc. (NasdaqGM:FBMS) announces an Equity Buyback for $50 million worth of its shares.

Consensus EPS estimates fall by 10%

Upcoming dividend of US$0.25 per share at 3.8% yield

Fourth quarter dividend of US$0.25 announced

Full year 2023 earnings: EPS and revenues miss analyst expectations

The First Bancshares, Inc. to Report Q4, 2023 Results on Jan 24, 2024

Price target increased by 8.2% to US$32.50

Price target decreased by 8.1% to US$30.55

Upcoming dividend of US$0.24 per share at 4.0% yield

First Bancshares (NASDAQ:FBMS) Has Announced That It Will Be Increasing Its Dividend To $0.24

Third quarter 2023 earnings released: EPS: US$0.77 (vs US$0.61 in 3Q 2022)

The First Bancshares, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.23 per share at 3.0% yield

Price target increased by 7.2% to US$32.90

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 7.8% to US$30.70

First Bancshares' (NASDAQ:FBMS) Upcoming Dividend Will Be Larger Than Last Year's

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 8.9% to US$33.30

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.21 per share at 2.8% yield

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.21

The First Bancshares, Inc. Increases Quarterly Cash Dividend, Payable on February 24, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target increased to US$38.25

Price target increased to US$38.25

Consensus revenue estimates increase by 10%

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.20

Third quarter 2022 earnings: EPS exceeds analyst expectations

The First Bancshares, Inc. Declares Cash Dividend, Payable on November 25, 2022

The First Bancshares, Inc. and The First Bank Appoint M. Ray “Hoppy” Cole, Jr. as Chairman of the Board of Directors

Consensus forecasts updated

The First Bancshares, Inc. (NasdaqGM:FBMS) completed the acquisition of Beach Bancorp, Inc.

First Bancshares (NASDAQ:FBMS) Is Increasing Its Dividend To $0.19

The First Bancshares, Inc. Appoints Mr. Jonathan A. Levy as Director

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

The First Bancshares, Inc. (NasdaqGM:FBMS) executed a definitive agreement to acquire Heritage Southeast Bancorporation, Inc. (OTCPK:HSBI) for approximately $210 million.

First Bancshares raises dividend 5.6% to $0.19/share

First Bancshares receives regulatory approvals for Beach Bancorp acquisition

Insufficient new directors